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South West Pinnacle gains after securing long-term contract from Hindustan Zinc arm
South West Pinnacle Exploration rose 1.35% to Rs 191.80 after it has been awarded a long-term contract from Hind Metal Exploration, a wholly owned subsidiary of Hindustan Zinc, for providing exploration services in Rajasthan.
Stock market today: Trade setup for Nifty 50, US-Iran war to gold, silver, crude oil rates; eight stocks to buy or sell
Stock market today: Experts have recommended these eight stocks to buy today —Bharat Forge, Timken India, ONGC, NTPC, Hindustan Zinc, HBL Engineering, ABB India, and Quality Power
Govt invokes Essential Commodities Act, directs refiners to prioritise domestic LPG supply
The government invoked the Essential Commodities Act to ensure uninterrupted LPG supply. Oil refiners must prioritize LPG production for Indian Oil, Bharat Petroleum, and Hindustan Petroleum.
Watch | Higher crude supports upstream oil stocks, downstream outlook weak: Probal Sen
ICICI Securities energy analyst Probal Sen said crude prices around $75 per barrel are unlikely to trigger windfall taxes, supporting upstream companies such as Oil and Natural Gas Corporation (ONGC) and Oil India. However, he expects near-term pressure on downstream and gas companies as rising liquified natural gas (LNG)-linked input costs could impact margins. Sen remains cautious on the sector over the next three to six months but maintains a constructive long-term view on Hindustan Petroleum Corporation Ltd (HPCL), Bharat Petroleum Corporation Ltd (BPCL) and city gas distributors.
BPCL, HPCL to IOC : How Elevated Crude Prices May Cast Shadow On OMCs Margins Amid Iran Tensions
Oil explorer companies such as Oil And Natural Gas Corp., Oil India, Vedanta and Hindustan Oil Exploration Company Ltd. (HOEC) have a positive outlook.
South West Pinnacle bags Rs 307-cr exploration order
South West Pinnacle Exploration (SWPE) has secured a work order worth Rs 307 crore from Hind Metal Exploration Services (HMESPL), a wholly-owned subsidiary of Hindustan Zinc, for mineral exploration services in Rajasthan.
South West Pinnacle Exploration signs exploration services contract worth Rs 307 cr
South West Pinnacle Exploration (SWPE) has signed an exploration services contract with M/s Hind Metal Exploration Services, a wholly owned Subsidiary of Hindustan Zinc. This is the largest ever single order bagged by the company for imparting exploration services in the state of Rajasthan. It is a long duration contact to be executed over a period of four years after mobilisation.
Hindustan Oil Exploration MD steps down; Baroruchi Mishra named as successor
Hindustan Oil Exploration Company Limited announces Ramasamy Jeevanandam's resignation as Managing Director, with Baroruchi Mishra set to take over as Managing Director and CEO from April 1, 2026.
Shares of local oil explorers surge on supply disruption fears
Geopolitical tensions between the US and Iran, including joint naval drills and temporary Strait of Hormuz closures, have fueled concerns of oil supply disruptions. This led to a surge in crude prices, boosting shares of oil exploration companies like Oil India and ONGC, while impacting oil marketing firms.